Can Capitalists Afford a Trumped Recovery?

Can Capitalists Afford a Trumped Recovery?
Bichler, Shimshon and Nitzan, Jonathan. (2017). Research Note. January. pp. 1-6. (Article - Working Paper; English).

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Alternative Locations

http://www.capitalaspower.com/forum/viewtopic.php?f=6&t=467, https://www.academia.edu/31124651/Can_Capitalists_Afford_a_Trumped_Recovery

Abstract or Brief Description

The presidential election of Donald Trump has rekindled hopes for a U.S. recovery. The new president promises to ‘make America great again’, partly by creating many millions of new jobs for U.S. workers, and judging by the rising stock market, capitalists seem to love his narrative. But if Trump actually delivers on his promise, their attitude is likely to change radically. In our 2016 paper, ‘A CasP Model of the Stock Market’, we developed the concept of a ‘CasP policy cycle’, the idea that government policy, insofar as it caters to the imperative of capitalized power, favours low employment growth in order to enable low rates of interest and sustain the capitalist share of income. Should Trump proceeds with and succeeds in reversing this CasP policy cycle, his authoritarianism may end up undermining rather than boosting capitalized power. In this sense, his regime could well mark the beginning of the next major bear market.

Language

English

Publication Type

Article - Working Paper

Commentary on

A CasP Model of the Stock Market
Bichler, Shimshon and Nitzan, Jonathan. (2016). Real-World Economics Review. No. 77. December. pp. 119-154. (Article - Journal; English).

Keywords

Donald Trump Iron Heel major bear market stock market strategic sabotage

Subject

BN Money & Finance
BN Power
BN Policy
BN Region - North America
BN Resistance
BN Value & Price
BN Capital & Accumulation
BN Class
BN Conflict & Violence
BN Crisis
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

30 Jan 2017 09:41

Last Modified

31 Jan 2017 18:19

URL:

https://bnarchives.yorku.ca/id/eprint/499

Commentary/Response Threads

• Bichler, Shimshon and Nitzan, Jonathan A CasP Model of the Stock Market. (deposited 10 Dec 2016 15:54)
  • Fix, Blair How the History of Class Struggle is Written on the Stock Market. (deposited 14 Oct 2020 01:02)
  • Fix, Blair Stocks are Up. Wages are Down. What does it Mean? (deposited 14 Oct 2020 00:53)
  • Baines, Joseph and Hager, Sandy Brian Financial Crisis, Inequality, and Capitalist Diversity: A Critique of the Capital as Power Model of the Stock Market. (deposited 20 May 2019 02:24)
    • McMahon, James Reconsidering Systemic Fear and the Stock Market: A Reply to Baines and Hager. (deposited 09 Sep 2021 20:38)
      • Fix, Blair With Great Power Comes Great Fear. (deposited 09 Sep 2021 22:39)
    • McMahon, James Reconsidering Systemic Fear and the Stock Market: A Reply to Baines and Hager. (deposited 01 Jul 2020 19:56)
  • Bichler, Shimshon and Nitzan, Jonathan Can Capitalists Afford a Trumped Recovery? (deposited 30 Jan 2017 09:41) [Currently Displayed]
    • Kolivakis, Leo Can Capitalists Afford a Trumped Recovery. (deposited 05 May 2017 17:52)

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